moral hazard problem
Selbstbeteiligung als Lösung für das Moral Hazard Problem auf dem Arzneimittelmarkt?
... das Moral-Hazard-Problem nur indirekt nachweisbar ist, beispielsweise über den Einfluss von Kostenbeteiligungen auf die Leistungsinanspruchnahme der ...
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Moral hazard in repeated procurement of services
... a moral hazard problem in repeated procurement of services by a model with two periods and two homogeneous and risk-neutral ...the moral hazard ...mitigate moral hazard ...
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"Empire-building", underinvestment and capital gain taxation�
... This moral hazard problem or agency problem (in this case it can also be called the free cash ‡ow problem) is well documented in existing theoretical and empirical literature (see, ...
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Dynamic contracts with moral hazard and adverse selection
... continuous-time moral hazard problem that allowed him to obtain a very clean characterization of the optimal ...dynamic moral hazard problem with a risk-averse agent and a ...
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Altruism, moral hazard, and sharecropping
... double-sided moral hazard model in which the landlord and the tenant are bet- ter in providing different unmarked factor ...of moral hazard ...of moral hazard in the course of ...
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The Effects of Extreme Media on Political Behavior, Attitudes, and Media Selection
... the moral hazard problem: By endogenizing the agent’s type (through costly effort), I demonstrate that the presence of a bailout mechanism may induce some agents to increase their level of effort (by ...
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Dynamic Market for Lemons with Endogenous Quality Choice by the Seller
... One may find our assumption that the investment can be made only at the beginning of the game to be quite restrictive. If the seller can invest at the beginning of every period, the moral hazard ...
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Banking Instability and Deposit Insurance: The Role of Moral Hazard
... a moral hazard problem by freeing economic agents from the consequences of their actions (see Calomiris, 1990; Gennote and Pyle, 1991; MacDonald, 1996) on both the liability and the asset sides of a ...
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Leader reputation and default in sovereign debt
... the moral hazard problem. Without moral hazard the optimal contract would allow the debtor to repay nothing in the first period when there are bad shocks and just in- crease the premium ...
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Moral Hazard and Bargaining Power
... similar moral hazard ...our moral hazard model gives rise to a concave Pareto frontier, this equivalence does not come as a ...to moral hazard and the liability limit the ...
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Partial Deposit Insurance and Moral Hazard in Banking
... Other than depositors, there is a continuum of identical banks with unit mass in the economy. At the beginning of each period, the FDIC announces the maximum level of coverage and collects the insurance risk premium, p, ...
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Moral Hazard and Earnings Manipulation
... hazard problem. The key is to understand the nature of managerial moral hazard which depends on firms’ specific conditions including industrial ...
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Occupational Self Selection in a Labor Market with Moral Hazard
... I extend a shirking model developed by Flinn to describe the moral hazard problem and the resulting dismissals in the two sectors of the economy (1997). The model shares key components with the ...
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On the Consistency of the First Order Approach to Principal Agent Problems
... optimization problem by its first-order ...the problem can be arbitrarily approximated by means of a Mirrlees forcing contract, the FOA fails because global maxima cannot be found within the set of ...
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Moral Hazard in Agricultural Yield Insurance
... of moral hazard and higher administration ...of moral hazard, but obtaining bias, or so-called basis risk at the same ...in moral hazard ...
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Moral Hazard, Bertrand Competition, and Natural Monopoly
... experience moral hazard (given an opportunity to cheat their customers) then given a customer-sensitive probability of detection of wrong-doing, there is only one active firm in any non-collusive ...
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Essays on moral hazard, reputation and market structure
... In a model of moral hazard and perfect public monitoring, Klein and Leffler demonstrate that when quality is unobserved before purchase the equilibrium price must be above average cost o[r] ...
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Islamic private equity: what is new?
... To end up the PE partnership and repay all parties, a contractual agreement is signed at the starting of the project: It specifies the partnership life and the exit route strategy. LP avoid payment with illiquid ...
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Chapter 22- frontiers
... Copyright © 2004 South-Western Hidden Actions: Principals, Agents, and Moral Hazard.. • Moral Hazard Moral Hazard.[r] ...
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Assessing the moral hazard impact of mango farmers in Chabahar
... In fact, when these variables are increased, the farmers’ willingness to use insurance is enhanced. Our results are in agreement with some other studies in Iran including Nikooei and Torkamani (2002) in Fars province, ...
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